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Currie Rose Resources Announces Completion of Vanadium Project Acquisition and Second Tranche of Financing
Toronto, Ontario--(Newsfile Corp. - August 5, 2022) - Currie Rose Resources Inc. (TSXV: CUI) ...
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[{"type":"text","content":"Currie Rose Resources Announces Completion of Vanadium Project Acquisition and Second Tranche of FinancingToronto, Ontario--(Newsfile Corp. - August 5, 2022) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie Rose\" or the \"Company\") is pleased to advise that it has completed the previously announced acquisition (See Press Release Dated October 27, 2021, and January 14, 2022) of the Toolebuc and Flinders Rivers Vanadium Projects in Queensland, Australia (the \"Project\"), pursuant to the terms of the Tenement Sale Agreements with Liontown Resources Limited and Chalice Mining Limited (the \"Fundamental Acquisition\"). As previously announced and pursuant to the terms of the Agreements, the Company has acquired a 100% interest in both projects (Toolebuc and Flinders River). Technical ReportA technical report (the \"Report\"), prepared in accordance with the requirements of NI 43-101, entitled \"Technical Report, North Queensland Vanadium Project, Queensland, Australia\" and authored by Michael Dufresne, MSc., P.Geol., P.Geo., Steven Nicholls, BA.Sc., MAIG, and D. Roy Eccles, M.Sc., P.Geol., has been filed under the Company's profile on the SEDAR website at www.sedar.com. The Report establishes the Project as a property of merit and confirms the presence of a historical Inferred Mineral Resource constructed in 2018 at the Cambridge Deposit of 84Mt @ 0.3% V2O5 (Dufresne et al., 2022; Standing, 2018), recommends the inclusion of additional recent drilling by the vendors to expand on the previous work and construct a current mineral resource on behalf of the Company, and suggests further metallurgical test work on the residual drill samples (that have been stored under strict QA/QC conditions) to establish a preliminary processing flow sheet. The Qualified Person, and the Issuer, are not treating the historical resource estimate as a current mineral resource. The Company's management is in the process of engaging specialist consultants to complete the first phase of works on the Project.Michael Griffiths, Currie's President and CEO, commented:\"Completion of the Financing was the final condition for Currie Rose's transition to become a vanadium explorer and developer. We would like to thank Chalice Mining and Liontown Resources for their continued support throughout the process, and we look forward to having both companies as major ...